Common use of Directors’ Expenses Clause in Contracts

Directors’ Expenses. Each of the Corporation's directors shall have the right to be reimbursed for the reasonable expenses incurred by such director in attending meetings of the Board of Directors of the Corporation and for otherwise fulfilling his fiduciary obligations as a director of the Corporation.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Johnson Robert W Iv), Note and Warrant Purchase Agreement (Decora Industries Inc)

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Directors’ Expenses. Each The Corporation shall reimburse each of the Corporation's its directors shall have the right to be reimbursed for the reasonable out-of-pocket expenses incurred by such director in attending meetings of the Board of Directors of the Corporation or any committee thereof and for otherwise fulfilling his fiduciary obligations as a director of the Corporation.

Appears in 2 contracts

Samples: Investment Agreement (First Data Corp), Investment Agreement (Imall Inc)

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